9 Best Ways to Send Money to China from Japan (2026 Guide for Migration & Overseas Work)

Quick Summary: Best Options for Large Transfers

For large transfers from Japan to China in 2026, the optimal method depends on the balance between exchange rate margins and transfer speed. Wise is recommended for transparency on mid-sized transfers, while Panda Remit offers specialized integration with Alipay and WeChat Pay for rapid digital payouts. For amounts exceeding 1 million JPY, traditional banks like SMBC or MUFG remain relevant despite higher fees due to their high transaction limits. Always verify registration with Japan's Financial Services Agency (FSA) before remitting.

Why "Best for Large Transfers" Matters for Migration & Overseas Work

When moving savings, repatriating salary, or purchasing property, the definition of "best" shifts from speed to cost-efficiency. For migrants and overseas workers sending large sums (over 500,000 JPY), a 1% difference in exchange rates can result in a loss of thousands of Yen.

In 2026, the focus is on FX spread compression. While convenience apps are suitable for small remittances, large-scale transfers require providers that offer near-mid-market rates and flat fees to prevent percentage-based costs from eroding the principal amount.

Comparison: Providers for JPY to CNY Transfers

Note: Rates are subject to volatility; check the Panda Remit live calculator or respective provider sites for the most accurate 2026 data.

Analysis of Top Money Transfer Providers

1. Wise (formerly TransferWise)

Wise remains a benchmark for transparency. They utilize the mid-market rate (the one seen on Google) and charge a visible fee. For users in Japan, Wise is strictly regulated by the Kanto Local Finance Bureau. It is ideal for users who prioritize knowing exactly how much CNY the recipient will get, though limits may apply based on verification levels.

2. Panda Remit

Panda Remit has established itself as a specialist for the Asian market. Operating under appropriate regulatory frameworks, it offers a digital-first experience. Its strength lies in the JPY to CNY corridor, where it often provides competitive exchange rates compared to traditional banks. It is particularly strong for users who need funds delivered directly to digital ecosystems prevalent in China.

3. Western Union

While often more expensive regarding exchange rate margins, Western Union provides an essential service for recipients in rural China who may not have access to digital banking or smartphones. Their physical agent network is vast, allowing for cash pickup.

4. Traditional Japanese Banks (SWIFT)

For transfers exceeding regulatory limits of fintech apps (often capped around 1 million JPY per transaction depending on the provider), traditional banks like Mitsubishi UFJ (MUFG) or SMBC are necessary. They use the SWIFT network. While secure, users must be aware of "lifting fees" and intermediary bank charges that can reduce the final amount.

Regulatory and Compliance Considerations (2026)

Sending money internationally is heavily regulated to prevent money laundering. When sending from Japan to China, users must navigate two distinct regulatory environments:

• Japan (FSA & My Number): The Financial Services Agency (FSA) mandates strict KYC (Know Your Customer) protocols. In 2026, linking a "My Number" card is virtually mandatory for all international remittances from Japan.
• China (SAFE): The State Administration of Foreign Exchange (SAFE) enforces strict capital controls. For Chinese nationals receiving funds, there is typically a $50,000 USD annual equivalent limit for foreign exchange settlements. Transfers exceeding this require documentation proving the source of funds (e.g., salary slips, tax returns).

When Panda Remit is a Strong Choice

Panda Remit is positioned as a compliant international money transfer service that excels in the JPY to CNY corridor due to specific partnerships. It is a strong choice in the following scenarios:

• Direct to Digital Wallets: Panda Remit has official partnerships allowing transfers directly to Alipay and WeChat Pay. This is a critical feature for recipients in China who use these apps for daily living expenses.
• UnionPay Integration: For recipients preferring bank cards, Panda Remit supports transfers to UnionPay cards, often processing faster than traditional SWIFT wires.
• Cost Efficiency: By operating digitally, Panda Remit reduces overhead, often allowing for tighter spreads on the JPY/CNY exchange rate compared to brick-and-mortar remitters.

Hidden Costs to Watch in 2026

Beyond the upfront fee, users must be vigilant regarding:

• Intermediary Bank Fees: When using SWIFT (banks), a third-party bank may deduct 2,000–4,000 JPY from the transfer amount.
• Dynamic Currency Conversion (DCC): Never allow the sending bank to convert the currency if they offer a poor rate. Always choose to send in JPY and let the specialized provider convert to CNY, or lock in the rate with the provider.
• Lifting Fees: Japanese banks often charge a fee (approx. 2,500 JPY) simply to process an incoming or outgoing foreign currency transaction.

FAQs: Sending Money to China from Japan

Is it safe to send 1,000,000 JPY to China via Panda Remit?

Yes, provided the service is licensed. Panda Remit employs bank-level security encryption and complies with regulatory standards in the jurisdictions it operates in. For large amounts, ensure your account verification (KYC) is up to date to avoid delays.

How long does a large transfer from Japan to China take?

Timelines vary by method. Digital providers like Panda Remit or Wise can complete transfers to Alipay/WeChat in minutes to a few hours. Traditional bank SWIFT transfers typically take 3 to 5 business days.

What is the limit for sending money from Japan to China in 2026?

Japan does not have a strict legal cap on the amount you can send, but banks and providers set their own daily/monthly limits (often 1 million JPY per transaction for apps). However, China's SAFE regulations limit Chinese nationals to exchanging the equivalent of $50,000 USD per year.

Do I need a My Number card to send money from Japan?

Yes. Under Japanese law, financial institutions and remittance providers are required to verify the sender's My Number (Individual Number) for international transfers to ensure tax compliance.

Can I send money directly to a WeChat Pay account from Japan?

Yes, select providers like Panda Remit allow direct transfers to WeChat Pay. The recipient must have a Chinese national ID linked to their WeChat account and must authorize the receipt of funds within the app.